News Archives for Business & Finance - 2025-11-25

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Business & Finance - 2025-11-25

Markets

Barrick committed to Pakistan’s Reko Diq copper project, says interim CEO

Earlier, Pakistan's OGDC has also assured that corporate restructuring in Barrick Gold will have no impact on Reko Diq project

Published 25 Nov, 2025 10:56pm

Markets

Iran introduces higher petrol price for major consumers

In November 2019, deadly demonstrations erupted hours after the price increased by as much as 200 percent

Published 25 Nov, 2025 08:41pm

Companies

Sunil Mittal-led entity to shrink stake in India’s Bharti Airtel, document shows

MUMBAI: Indian Continent Investment, an entity led by billionaire Sunil Mittal, will sell a stake worth at least...

Published 25 Nov, 2025 06:58pm

Commodities

Copper rises as outflows to US stocks provide support

LONDON: Copper prices climbed to their highest level in more than a week on Tuesday, supported by ongoing outflows...

Published 25 Nov, 2025 06:51pm

Stocks

Softer oil price prompts fall in most Gulf markets

Most Gulf stock markets ended lower on weak oil prices on Tuesday, although revived expectations of a U.S. interest...

Published 25 Nov, 2025 06:39pm

Markets

India’s Tata bets new SUV will boost fight with Hyundai, Suzuki

NEW DELHI: India’s Tata Motors is betting its newly launched sport-utility vehicle will help step up competition to...

Published 25 Nov, 2025 05:19pm

Commodities

Palm falls for fourth session, tracks weakness in Dalian palm oil

JAKARTA: Malaysian palm oil futures tumbled for a fourth straight session on Tuesday, pressured by weakness in...

Published 25 Nov, 2025 05:13pm

Financial

India bonds rise for second day as RBI chief’s comments revive rate-cut bets

MUMBAI: India’s government bonds ended higher for a second consecutive session on Tuesday after dovish comments from...

Published 25 Nov, 2025 05:11pm

Technology

Meta in talks to spend billions on Google’s chips, The Information reports

Meta Platforms is in talks with Google to spend billions of dollars on the Alphabet -owned company’s chips for use...

Published 25 Nov, 2025 04:57pm

Technology

Alphabet on pace to hit $4 trillion market value as AI gains momentum

Alphabet was on track to hit a historic $4 trillion market valuation on Tuesday, powered by an impressive year-long...

Published 25 Nov, 2025 04:52pm

Business & Finance

Pakistan’s digital payment boom collides with a nation still clinging to cash

If you want customers to pay via digital finance, paying via cash will have to become more expensive, says Easypaisa Chief Business Officer

Published 25 Nov, 2025 04:50pm

Stocks

Sri Lanka shares rebound on broad gains ahead of rate decision

CSE All Share index rose 0.77% to 22,819.91

Published 25 Nov, 2025 04:41pm

Companies

Alibaba beats quarterly revenue estimates

Chinese e-commerce giant Alibaba beat analysts’ estimates for quarterly revenue on Tuesday, as investments in...

Published 25 Nov, 2025 04:23pm

Industries & Sectors

Jaecoo and Omoda: NexGen’s EVs will arrive sooner than expected

Production was initially expected to commence in March 2026

Published 25 Nov, 2025 04:18pm

South Asia

India considering import tariff on some steel products, source says

NEW DELHI: India is considering extending an import tariff, locally known as a safeguard duty, on some steel...

Published 25 Nov, 2025 04:09pm

Forex

IMF to reclassify India’s FX management framework, Bloomberg News reports

MUMBAI: The International Monetary Fund is likely to reclassify India’s foreign exchange rate management regime in...

Published 25 Nov, 2025 04:07pm

Business & Finance

Commerce minister inaugurates FoodAg 2025 expo featuring 500 exhibitors in Karachi

Despite challenges, Pakistani companies advancing rapidly, says Jam Kamal

Published 25 Nov, 2025 04:02pm

Energy

India’s Russian oil binge to end in December as sanctions bite, sources say

NEW DELHI/MOSCOW: India’s Russian oil imports are set to hit their lowest in at least three years in December, down...

Published 25 Nov, 2025 04:00pm

Forex

Indian rupee ends flat, wedged between firmer Asia FX and importer dollar bids

MUMBAI: The Indian rupee closed nearly flat on Tuesday, surrendering early gains as month-end dollar demand from...

Published 25 Nov, 2025 03:55pm

Stocks

Indian shares slip for third session as profit-taking persists near record highs

India’s stock benchmarks fell for a third straight session on Tuesday as investors continued to book profits near...

Published 25 Nov, 2025 03:52pm

Companies

Circular debt plan: OGDC receives Rs7.73bn 5th interest payment

Total interest amount of Rs 92 billion to be repaid in twelve equal monthly installments

Published 25 Nov, 2025 03:35pm

Business & Finance

Pakistan proposes direct feeder lines to cut freight expenses with Malaysia

Feeder links could boost Pakistan’s rice exports to Southeast Asia

Published 25 Nov, 2025 02:22pm

Markets

Dutch bank ABN Amro to cut 5,200 jobs by 2028

Shares of ABN Amro opened more than 4% higher following the statement published ahead of its capital markets day.

Published 25 Nov, 2025 01:59pm

Companies

Barrick corporate changes won’t affect Reko Diq, says OGDC

Reko Diq remains Barrick’s priority, says OGDC

Published 25 Nov, 2025 01:33pm

Companies

Raqami Islamic Digital Bank acknowledges VIS assignment of preliminary entity ratings

Raqami Islamic Digital Bank Limited (RIDBL) announces that VIS Credit Rating Company Limited (VIS) has assigned...

Published 25 Nov, 2025 01:23pm

Commodities

Gold price gains Rs7,700 per tola in Pakistan

International gold hits more than one-week high

Published 25 Nov, 2025 12:56pm

Stocks

Australian shares edge higher as miners and gold stocks shine

The S&P/ASX 200 index rose 0.2% to 8,538.2

Published 25 Nov, 2025 12:48pm

Stocks

Japan’s Nikkei rises as tech shares track Wall Street rally; Eisai surges

The broader Topix edged 0.2% higher

Published 25 Nov, 2025 12:37pm

Forex

Australia, NZ dollars make little headway as investors brace for CPI, RBNZ

The Aussie was flat at $0.6465, battling to stay above the 200-day moving average at $0.6461

Published 25 Nov, 2025 12:34pm

Industry

Experts hail withdrawal of 0.25% EDS as policy shifts toward export growth

Signals that policy is finally aligning with export-led growth, says an expert

Updated 25 Nov, 2025 03:37pm

Commodities

Soybeans edge higher as traders hope for more Chinese buying

The most-active soybean contract on the Chicago Board of Trade (CBOT) was up 0.3% at $11.26-1/4 a bushel

Published 25 Nov, 2025 12:31pm

Stocks

China stocks bounce back from 2-month low, led by tech shares

China's blue-chip CSI300 Index was up 1.3% by the lunch break

Published 25 Nov, 2025 12:25pm

Forex

Yuan hits highest in nearly two weeks on Trump-Xi call, Fed rate cut bets

The yuan was 0.14% higher at 7.0945, the strongest level since November 14

Published 25 Nov, 2025 12:23pm

Mutual Funds

Japan’s 40-year bonds rally before auction; 5-year yields at 17-year high

The 40-year Japanese government bond (JGB) yield fell 1 basis point (bp) to 3.67%

Published 25 Nov, 2025 12:20pm

Energy

Shell agrees to buy 100,000 barrels of gasoline from Indonesia’s Pertamina amid shortage

Pertamina will also sell 100,000 barrels of gasoline to fuel retailer PT Vivo Energi Indonesia, an affiliate of Vitol Group

Published 25 Nov, 2025 12:11pm

Markets

ECB reviews claims Deutsche Bank downplayed financial risks, FT reports

The banking watchdog has made enquiries to the German lender about its netting practices in recent months as part of an assessment of the bank's application of capital rules and collateral treatment

Published 25 Nov, 2025 12:08pm

Commodities

Palm falls for a fourth session, tracks weakness in Dalian palm oil

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was down 30 ringgit, or 0.74%, at 4,025 ringgit

Published 25 Nov, 2025 11:50am

Bullion Rate

Gold hits more than one-week high as Fed remarks renew rate-cut bets

Spot gold rose 0.1% to $4,140.85 per ounce

Published 25 Nov, 2025 11:47am

Markets

Turkiye central bank’s total reserves fell $7bn last week, bankers say

Net reserves, excluding swaps, decreased by just over $3 billion to $54.5 billion

Published 25 Nov, 2025 11:42am

Europe

Ageing populations a ‘ticking time bomb’ for GDP growth, says EBRD

That was a quarter of the amount recorded when the median age hit that level in advanced economies in the 1990s

Published 25 Nov, 2025 11:17am

Exchange

Rupee gains further ground against US dollar

Currency settles at 280.57 against greenback

Updated 25 Nov, 2025 06:43pm

Stocks

KSE-100 Index closes lower as profit-taking persists

Benchmark index settles at 161,692.49

Updated 25 Nov, 2025 06:20pm

Energy

Moscow, Beijing discuss Russian oil exports boost

China and India have become the main buyers of Russian oil since the start of Russia’s military campaign in Ukraine in February 2022

Published 25 Nov, 2025 08:41am

Technology

Google, Accel partner to back Indian AI startups

Its AI Futures Fund, launched six months ago, has funded over 30 companies, including Indian webtoon startup Toonsutra and U.S.-based legal-tech firm Harvey

Published 25 Nov, 2025 08:36am

Stocks

India’s stock benchmarks set to open flat after profit booking near record high levels

Gift Nifty futures were trading at 25,994

Published 25 Nov, 2025 08:19am

Forex

Indian rupee eyes higher open with Fed rate cut odds rising and RBI lurking

The 1-month non-deliverable forward indicated the rupee will open in the 89.06-89.10 range versus the US dollar, having settled at 89.23 on Monday

Published 25 Nov, 2025 08:16am

Forex

US dollar slips as dovish Fed comments weigh; yen falls

The yen fell against the dollar, which rose 0.2% to 156.755 yen, just shy of its 10-month high hit last week of 157.90.

Published 25 Nov, 2025 08:07am

Stocks

Asian stocks edge higher as US rate cut hopes rise

The index is on course for a 3.8% drop in the month, its first monthly decline since March

Published 25 Nov, 2025 08:03am

Energy

Oil falls as Ukraine signals support for framework of Russia peace deal

Brent crude futures fell $1.45, or 2.3%, to $61.92 a barrel

Updated 25 Nov, 2025 09:47pm

Pakistan

IMF report on corruption termed a ‘wake-up call’

KARACHI: Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial...